1    MIJT. COS. MAINTAINING UNEARNED PREMIUM RESERVE.  545


RECAPITULATION OF FIRE RISKS AND PREMIUMS.
Gross
premiums     o        A mount of
Year              Term.           Amount         charged .            premium
w  rittenm.                        covered.        less re-      m      unearned.
iinsurance.     v :
,~~~~~~~~~~~- 1                            $9.502
1912 .        .... One year or less..i $1,887,714 94  $18,628 291 1-2   
  $9,314 14
1910 ..   |.Three years            $1,472,644 36        9,301 69 1-6    
      '19550 28
1.910 ......  Three years .....           ..... 15 829 9,839 211 1-2    
   4,919 10
1912 .....Three years years          1,858,680  60     11,817 581 2 6   
    9,847  99
Totals ...... $6,809,842 88       $49,585 771 ......    $25,631 51
BUSINESS IN      WISCONSIN      DURING 1912.
Fire.
Gross risks written, less $191,442.47 risks cancelled................ $3,646,395
54
Gross premiums on risks written...................................      
     1,22 26
Less return premiums.                                                1,
Net premiums received           .         .....................       $30,144
38
Losses paid (deducting salvage) ....................................    
   13,655 32
UNDERWRITING AND INVESTMENT EXHIBIT.
1I                         I
UNDERWRITING EXHIBIT.
Premiums.
Total premiums.I                             $30,144 381..............I..............
Add unearned premiums Dec. 31, 1911.1         23,480 11 ........        .
Total     .     ........... ..           $53,624  49 ............ ...........
Deduct unearned] premiums Dec. 31,1
1812 .                                        25,631 51.
Premiums earned during the year .... .    .............       $27,992 981.
Underwriting Profit and Loss Items.
Agents' balances and bills receivable
not admitted Dec. 31, 1912 .......................       '           ..............
Underwrting     income earned    duringl                               \
   2
112   .................................                                 
$27,892 40
Losses.
Losses paid ..........................       $13,655 32 ........       ..............
Deduct unpaid losses Dec. 31, 1911...,. 1        533 00 .....     ... . 
       .
Balance.                               $13,122 32 ........
Add unpaid losses Dec. 31, 1192          ...2,506 84 .
Losses incurred during 1911 .......... .  .............       $15,629 161..............
Underwriting Expenses.
Add underwriting expenses unpaid
Dec. 31, 1912 ..........   .............   $12,773 94 .............. ..............
Taxes on 1912 business............               40 ....,          ..............
Underwriting expneses incurred dur-I
ilg 1912                          .....      l             13,381 34.
Underwriting losses and expenses....       .............. ............. 
   29,010 50
Loss from   underwriting during 1912.1 .............. ....   .......    
   $1,118 10
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